Zacks: Analysts Anticipate Home Bancorp, Inc. (NASDAQ:HBCP) Will Announce Quarterly Sales of $25.12 Million

Equities analysts expect Home Bancorp, Inc. (NASDAQ:HBCP) to report $25.12 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Home Bancorp’s earnings. The lowest sales estimate is $24.80 million and the highest is $25.67 million. Home Bancorp reported sales of $24.85 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The company is expected to report its next earnings report on Tuesday, July 28th.

According to Zacks, analysts expect that Home Bancorp will report full-year sales of $102.96 million for the current year, with estimates ranging from $98.40 million to $108.07 million. For the next fiscal year, analysts forecast that the business will report sales of $99.42 million, with estimates ranging from $97.30 million to $101.75 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Home Bancorp.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Tuesday, April 28th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.47). Home Bancorp had a return on equity of 7.09% and a net margin of 18.81%. The firm had revenue of $24.68 million during the quarter, compared to analyst estimates of $24.36 million.

HBCP has been the subject of a number of recent research reports. Zacks Investment Research raised Home Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 20th. ValuEngine cut Home Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 23rd. Raymond James cut Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 17th. Finally, Piper Sandler upped their target price on Home Bancorp from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in shares of Home Bancorp by 53.4% in the 1st quarter. Citigroup Inc. now owns 2,351 shares of the bank’s stock valued at $57,000 after buying an additional 818 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Home Bancorp by 27.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,393 shares of the bank’s stock valued at $58,000 after buying an additional 512 shares during the last quarter. Zebra Capital Management LLC boosted its position in shares of Home Bancorp by 8.0% during the 4th quarter. Zebra Capital Management LLC now owns 5,620 shares of the bank’s stock valued at $220,000 after purchasing an additional 417 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Home Bancorp during the 4th quarter valued at about $275,000. Finally, Bank of America Corp DE boosted its position in shares of Home Bancorp by 6.0% during the 4th quarter. Bank of America Corp DE now owns 7,464 shares of the bank’s stock valued at $293,000 after purchasing an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

HBCP traded up $0.88 on Friday, reaching $25.19. The stock had a trading volume of 13,900 shares, compared to its average volume of 23,916. Home Bancorp has a fifty-two week low of $18.57 and a fifty-two week high of $40.80. The firm has a 50-day moving average of $24.12 and a 200-day moving average of $30.27. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $220.99 million, a price-to-earnings ratio of 10.50 and a beta of 0.65.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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